Link Update - BreakOut Scenario SuccessThis is absolutely doing very great again and Link is moving exactly as expected. Now it seems there will be a healthy pull back for a correction before another rally upwards. For swing traders our Link call reached 4860 sats so far which is a total of 62%% in just less than 34 hours.
Bitcoinforcast
ZenCash Critical Point : Waiting For ConfirmationSince its listing on Binance ZenCash has showed a fair performance recording its lowest at 2528 sats on the platform. If a double bottom is confirmed on the 1D chart we might see a good leg up trend move with a continuation of the 3rd elliott wave rally. RSI looking good at 48. Volume need to increase some move upwards. As it is described if the candle close above that point on the intersection we will have confirmation. For now accumulate with a small amount of your portfolio And do consider to use a strict stop loss orders after accumulating and before that accumulate using risk management and partial buy orders.
Entry Zone : 300000 sats - 333000 sats
Stop Loss : 258000 sats
Possible Targets
Short Term :
T1 : 341200 sats
T2 : 363700 sats
T3 : 378300 sats
T4 : 394900 sats
T5 : 418500 sats+
Mid / Long Term
T1 : 364800 sats
T2 : 39900 sats
T3 : 433900 sats
T4 : 482000 sats
T5 : 544000 sats
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
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Link Update - Breakout ScenarioThis is absolutely doing very good and Link is moving exactly as expected. RSI is at around 62 and both the 50EMA and 89EMA are below the price. If it can close above the triangle this would be a great upward move to see. For swing traders our yesterday call it reached 4313 sats so far which is a total of 43.76% in just less than 13 hours.
Pair : #LINK/#BTC
EntryZone : 3000 - 3600 sats
SL : 2200 sats
T1 : 3883 sats
T2 : 4372 sats
Reached : 4313 sats
Duration : 13 hours
Total Profits So far : 43.76%
Congrats for all our swing traders and chart update will be available for next leg up.
The buy of the year?Looking at the last 2 bull rallies it's hard not to see the similarities between them. If the symmetry will continue, the next bearish impulse should end right at 5178 and if we get there we will have created a descending wedge over a period of ~ 6 months. If it breaks the support when it hits the target it will be a text book buy according to Wolfe Wave theory and the target is at the price's intersection with the dotted red line.
Bitcoin Analysis (VST) - The Final Wave (BTC/USD)This is a very short term (VST) outlook for Bitcoin which will give us a general idea of how price is expected to behave over the weekend. Given that we are on the final wave, I imagine that price will be trading within the range as highlighted in the chart with a top near 8488 and a bottom based on the recent low of 8073. All this will be prior to a drop down to 7700 as what I have forecasted in another analysis. Yes, we are back to turtle trading with Bitcoin as price action shifts to alts.
Bitcoin sitting exactly where it shouldBITSTAMP:BTCUSD had a slow start this year and while everyone are looking at 15 min. charts, the big picture is getting clearer. With the current drop to low 7000s, Bitcoin reached another decision point and this will help a lot confirming a long-awaited bull trend.
We are currently sitting on an year-long support, inside a well formed symmetrical triangle. Triangle can verify a continuation of the current bear trend or act as a strong reversal. Ichimoku cloud base line and 200 MA are both flipped over and indicate short-term resistance levels. RSI is getting oversold. Chaikin Money Flow indicator still negative, but could become a good tool for confirming a reversal.
If Bitcoin fails to hold the current long-term support, next stop is 6'000-6'600 (previous two lows in 2018). If bulls lose the 6'000 level, all hope for a bullish summer is lost.
However, a higher low here, followed by a bullish break of the triangle looks more and more likely every single day.
If we break upward, first target to clear is 10'000 (a psychological resistance for many traders). Breaking 12'000 (below which a double-top occurred in march) would be the point where FOMO is triggered.
Bitcoin - $ 7,805 almost reachedHello Tradingviewer,
Currently the Bitcoin is moving in the corresponding patterns as expected. The goal of $ 7,806 was almost reached at $ 7,790 and will probably be completed today.
After we have already left the trend channel and formed higher lows, the Bitcoin must train in the next spurts also higher highs.
The important next step is the $ 8,134 and later the $ 8,589 mark.
Note:
You must assess your own risk-taking ability and invest only as much as you are prepared to lose.
Always take note of the money management, because the money you do not lose, you can invest again.
As usual, this is not a buy and sell recommendation, but my personal assessment and opinion on the chart presented.
Greetings from Hanover
Stefan
P.S. If you liked it, Agrees with me ;-)
The ONLY chart you need. (my thoughts) *BITCOIN/USD*Whats up guys,
I think we are all rapped up in looking at the smaller picture here. We are clearly entering a new state for bitcoin and i think the answer is obvious.
What comes up must come down and i think we will see a continuation of downside for bitcoin for an extended period of time.
Completing our 5th wave extension to 20k put us in a "peek area" for bitcoin and now we need to reset. This would take us to around 3k for bitcoin and would collateral with my previous chart I posted.
Good luck! and trade safe.
$1 Question; Million Dollar Answer.Don't read this if you already know when Bitcoin will touch $6K and bounce back.
Ok many of you have been desperately waiting for BTC to bounce for market conditions to improve so we can be back to making a fortune on a day 2 day basis.
You will see very clearly in this chart the downward trend we are in and how long until we may have to wait before we reach a bottom and can see some money return and a bounce.
the .786 fib line is where we will more then like see a bounce from, the million dollar question is when is touch down when will we bounce and break this trend.
Reality is that it may not happen until the 7th of May this year, now if you look at past years with the Crypto market June and July were always healthy months where the market takes a turn for good and we see a boom. This year is more then likely going to play out the same way by looking at the current chart. Money is falling out of the market on a daily basis, we don't see and strong signals for a turn.
Yesterday you will see our daily candle closed as a long legged doji, this is a symbol of indecision saying that today could of gone either way. Each candles shows us solid indications but when you have an indecision you must look at further indicators so if we revert to the momentum indicator where I have drawn a blue arrow showing its trend, you will clearly see this is not supporting a change of trend so it wouldn't take a guru to figure out that we are going to continue downward.
The day the volume stops decreasing in the Crypto Market in general is the day we would get excited if we seen a bullish looking candle, if we see a bullish looking candle now it would be from aggressive buying which may excite people and flood some short term buys and slow us down but not stop us falling.
To break trend we need BTC to break the RED trend line, until this is broken, expect no action other then continuing down. Day traders can continue to trade support lines and daily channels...
We can see some sell off's that will make us touch the .786 fib sooner then May of course but even after we touch we need a bounce and we won't have a breakout confirmed until we break the red trend line, at this point the market conditions should improve for the best.
In between now and then we are trading Alts in a bearish market, so for some its like swimming against the stream why bother, its too tiring and risky.
I have come from a stock foreX background and for me to make 1% per day is huge, yet in crypto I can still have an average of 5-10% per day which in my opinion is astronomical, anyone still trading and relying on Crypto as an income needs to realise market conditions aren't really that bad, things could be a lot worse but if you come from making 1% a day to 5-10% you would still be jumping for joy.
There are very few top traders on here posting Alts to trade and this is because they see that there is only short term trades available with 5-40% gains; for them this is small, they have never seen a chart until crypto started. They are used to making 100% + on 1 trade so now all they are doing is updating the high volume coins and praying that the market changes.
You can join them and read updates everyday or make the most of what the market still has to offer in regards to an income which currently still provides better returns then any other market sector.
You will see on my profile we trade daily, I became a top author quickly from making people money I'm not their daily social amusement.
Lets say you run 10 Alt trades and 5 were successful and 5 failed.... each successful trade provided a 5% gain and each unsuccessful trade you hit stop loss at a 2% loss, I you run the math on this an will see you still come out miles in front and have some very nice profits. By the way our strike rate is much better then this.
Get a calculator and add 5% profit to your stack for next 30 days compounded you will be very surprised.
Cash Is King!
BTC: End of sell-offs, bounce-back at 8.8k1. Mt. Gox released the report of the sale that started the sell-offs. They are done selling.
2. ICOs regulations FUD will end. Many ICOs have failed, will fail and that's a good thing.
3. 0.786 fib level of downward channel to 6K low of February 6th, aligns perfectly with the 0.5 level of upward channel after that. Don't be surprised if BTC -5.16% dips down to test this common fib-level at around 8.8k to decide the ultimate direction.
Good luck all!
Bitcoin to possible Bearish confirmation Hello Traders,
I have to update the chart 5,100 was the best case scenario however I have to prepare you guys for the doom and gloom. Possible target for bitcoin is 3800. This is the golden number. In the mean time this will take a few days/ week to take place you can still make plenty of good trades within that time frame. However we are still on a downtrend.
If my TA helps you feel free to donate
BTC 1MK8SpniYLZmKj45AULrSbwW5QvP9F9KqJ
BTC - BITCOIN UPDATE - BE CAREFUL (3)Green Lines are the support and resistance lines.
At the red line around 9500 I think it will bounce down and I presume BTC will retest 5800.
If it breaks 5800 , sorry to say It could go to 4000 and maybe 2900.
Many indicators seems uptrend, At margin trades Long positions are being held.
But be careful about BTC. I dont think it will break out from 10.000
BTC downfall AB=CD pattern it seems that BTCis correcting its new position with ABCD harmonic pattern
chances are FIB 38.2 and 61.8 enjoy your profits
if you like my analysis please like and comment :)
TR: BTC deger kaybi gormekte, dususun durdugunu goruyoruz burada ABCD harmonik analiz devreye giriyor
beklentiler FIB 38.2 , FIB 61.8
bolca kazanclar yorum like lari eksik etmiyoruz :)